Printer Friendly

FIRST UNION RECOGNIZES OUTSTANDING SUPPLIERS, LAUNCHES SUPPLIER CERTIFICATION PROGRAM

 CHARLOTTE, N.C., Feb. 19 /PRNewswire/ -- GTE Spacenet helped First Union get back on its feet quickly after Hurricane Andrew by keeping its satellite network up and running. First Union's account representative from GTE Spacenet also went beyond the call when First Union was examining potential merger partners by faxing information at night from his home and working on holidays.
 First Union said thanks to the company -- and some 200 other suppliers from throughout the nation -- at its first Supplier Recognition program last night. First Union presented awards for outstanding service to 15 of its suppliers, including three "Supplier of the Year" awards. First Union also launched a new supplier certification program designed to improve the product and service quality it receives from suppliers, lower First Union's costs and ensure timely deliveries.
 Supplier of the year awards were presented in three categories. The winners are:
 -- GTE Spacenet, based in McLean, Va., a company that does more than $1 million annually in business with First Union, linking First Union's branch offices into a satellite network to transmit account information and other data;
 -- Miller Electric, a Jacksonville, Florida-based electrical contractor that does less than $1 million annually in business with First Union;
 -- Latta Distributing, based in Browns Summit, N.C., a minority- owned company that provides First Union with promotional items.
 Last year, First Union spent $650 million for products, supplies and services, a 64 percent increase since 1988, reflecting First Union's interstate expansion. Those suppliers -- who provide the corporation everything from copy paper and equipment to landscaping services -- are crucial to First Union's success in serving its 7 million customers, said Austin Adams, executive vice president of First Union's Automation and Operations group.
 "Our goal is to build long-term, mutually beneficial relationships with our very best suppliers because that's how we're gong to best satisfy our customers' needs," Adams said.
 "We want to reward our very best suppliers by making them our primary suppliers in the future," Adams added, while introducing First Union's new supplier certification program. The program will be implemented over the next two years. Suppliers will be assessed on factors such as quality of products and service, delivery, technical support, interest in First Union's needs, and cost.
 Three tiers will be established:
 -- Approved suppliers who have met the minimum qualifications to supply First Union with a specific product or service;
 -- Preferred suppliers who have gone beyond the approved status and are actively working to become certified First Union suppliers;
 -- Certified suppliers who have passed First Union's certification process and supply First Union with the highest quality materials and services.
 "First Union currently does business with some 16,000 suppliers," Adams said. "We believe it is in our best interest to focus on fewer suppliers. That means we'll be doing more and more business with selected suppliers."
 Other suppliers recognized at the dinner and the products they supply First Union are:
 -- Niblock Co., Inc., of Winston-Salem, N.C., office equipment;
 -- Willamette Industries, of Portland, Oregon, computer paper;
 -- Standard Register, Dayton, Ohio, customer printed forms;
 -- Clarke American, of San Antonio, Texas, check printing services;
 -- Compucom Systems, Inc., of Dallas, Texas, micro computer products and services;
 -- Anacomp, of Charlotte, marketing and service support for microfiche;
 -- Lefebure, of Cedar Rapids, Iowa, security equipment for First Union branches and maintenance of equipment;
 -- Federal Express, of Memphis, Tennessee, overnight express service;
 -- IBM, of Armonk, N.Y., business equipment, maintenance and technical support;
 -- AOH Services, of Palm Beach County, Florida, janitorial services;
 -- Framing By Story, of Wilson, N.C. a company that develops and provides artwork for First Union branches and headquarter buildings;
 -- Lesco Restorations, of Spartanburg, S.C., management services and general contracting.
 At Dec. 31, 1992, First Union Corporation (NYSE: FTU FTUpr) reported assets of $51.3 billion, and operated 896 banking offices in Florida, North Carolina, South Carolina, Georgia and one banking office in Tennessee, 45 savings bank offices in Virginia, Maryland, the District of Columbia and Florida, and 190 nonbanking offices in 36 states and the District of Columbia. When pending acquisitions have been completed during the first half of 1993, the corporation will operate approximately 1,300 banking offices and have assets of approximately $68 billion, based upon Dec. 31, 1992 assets, making it the nation's eighth largest bank holding company.
 -0- 2/19/93
 /CONTACT: (Media) Sandy Deem of First Union Corporation, 704-374-2710/
 (FTU)


CO: First Union Corporation ST: North Carolina IN: FIN SU:

MM -- CH003 -- 8370 02/19/93 11:50 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 19, 1993
Words:744
Previous Article:CALIFORNIA ENERGY COMMISSION: NEW ENERGY STANDARDS BENEFIT CONSUMERS
Next Article:MICHIGAN COMPANY ANNOUNCES MAJOR BREAKTHROUGHS IN ELECTROMAGNETICS FIELD FOR RELAYS IN AUTOS AND INDUSTRY
Topics:


Related Articles
UCIG CERTIFIED AS QUALITY SUPPLIER BY TEXAS INSTRUMENTS
FIRST UNION HONORED BY CAROLINAS MINORITY SUPPLIER DEVELOPMENT COUNCILS, INC.
BISYS Research Awarded First Union Level 1 Supplier Certification
CTG Named a Preferred Technical Services Vendor by First Union Corp.
Alliant Techsystems Awarded Boeing Gold Preferred Supplier Status Certification.
Boeing Stresses Quality Management, Engineering Accountability to Space Suppliers.
/FROM PR NEWSWIRE LOS ANGELES 213-626-5500/ TO BUSINESS EDITOR:.
NexPrise Receives Sun Microsystems' SunTone(SM) Application Certification.
Darden Restaurants Names Thai Union Seafood 'Distinguished Vendor'.
JC Penney. (Special Advertising Section).

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters